Penny Stock Market Comments by Stock Analyzer

Submitted by Stock Analyzer

Penny Stock Comments

PRTH had a nice doji candle yesterday, I think we head up today and if we close green we could be in reversal mode back upward!

GBDX just put out news, one of our email alerts just the other day, keep it on watch
GBDX .005 NEWS OUT, we put this on email alert at .005 .004

Global Diamond Exchange Inc. Offers Updates on Merger/Acquisition and Future Business Strategy
7:30a ET August 15, 2007 (PR NewsWire)
Global Diamond Exchange Inc. (OTC Pink Sheets: GBDX) Global Diamond updates shareholders on merger/Acquisition with Sib Almaz. The transaction has proceeded slower than expected, but completion is anticipated by mid September. Slava Beurikov states: "The transaction was more complicated than originally anticipated. We have international agreements and formal contracts that had to be finalized. New management is in place and the company is looking forward to a timely completion of the transaction. Details will be made public through press releases as they occur and the transaction is finalized."

Regarding Current Business and the Office: Numerous inquiries have been received regarding the company's current business operations, including several investors trying to visit the office on 46th street. As previously stated in a press release; The Company is currently in the process of remodeling this office for the fall season. Again, the company would like to remind investors that this facility is a wholesale office. Global specializes in selling groups of stones or "lots" and not individual pieces. Also, the majority of the European/Russian cutting facilities are closed for August before they gear up for the busy fall season.

Regarding Fall Season: Sixty five to seventy percent of the year's business can be realized in the Fall season, and Global plans to increase the staff to accommodate this added activity. Global has significant ability to buy diamonds with their venture partners, and has been successful in turning these shipments at a profit in an efficient manor. New management is also currently implementing a different business strategy; which includes a more aggressive approach in offering inventory as individual pieces and lots. This business model will allow qualified buyers to view individual pieces and allow the company to generate more profit on these pieces. New management plans to keep substantial inventory (as allowed by insurance limits) on hand at all times for lot sales, as well as, pieces for individual purchases.

About Global Diamond Exchange:

Global Diamond Exchange originally opened their office on 2 West 46th street in the heart of the New York's Diamond District. After several years of operation at their New York office the company decided to shut down the operation due to low pricing and soft demand in North America. The company concentrated its efforts on exporting cut diamonds from the Russia Federation and European locations. The new company has reopened its sales offices in the original building ready to take on the increased demand for fine quality diamonds.

NOTE: Safe Harbor for Forward-Looking Statements.

This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "plan," "confident that," "believe," "scheduled," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, the ability of the Company to complete the planned bridge financing, market conditions, the general acceptance of the Company's products and technologies, competitive factors, timing, and other risks described in the Company's SEC reports and filings.

SOURCE Global Diamond Exchange Inc.



DISCLAIMER

Opinions expressed on the Stock Analyzer board are only people’s opinions. No moderator or assistant of the Stock Analyzer board is a licensed broker. Trading strategies discussed on the board are often high risk and not suitable for everyone.

No one is responsible for your gains or losses in the market except YOU. If you follow stock strategies, charts and or buy and sells signals discussed on this board, or stockanalyzer.org you may LOSE ALL YOUR MONEY. Please weigh the strategies discussed here carefully against what you are willing to risk.

Please do your own due diligence before buying or selling ANY SECURITY in the open market, there are no guarantees.


Visit 1800blogger to see all of our industry leading blogs